01
The curve deepens its inversion
DerivaSys identifies a further move toward a near-term volatility premium in AVAX options. Because the term slope compares longer-tenor implied volatility with shorter-tenor implied volatility, its increasingly negative configuration indicates that short-dated optionality has become relatively richer. This is a renewed widening of the premium rather than a curve-regime reversal.
EvidenceDerivaSys: AVAX 1W/3M curve reprices with a near-term volatility premium
02
Relative option costs shift toward the near term
The repricing increases the relative cost of obtaining short-horizon optionality compared with longer-dated exposure. It may therefore matter for traders choosing between immediate event coverage and more durable protection, but a single tenor comparison does not show whether the change extends across the broader volatility surface or will persist.
EvidenceDerivaSys: AVAX 1W/3M curve reprices with a near-term volatility premium
03
The upgrade notice is context, not an explanation
Bybit separately confirmed support for an Avalanche network upgrade. The supplied evidence labels that event as association-only, so temporal proximity does not establish that the upgrade prompted the options repricing or reveal how participants interpreted it.
EvidenceBybit: Bybit to Support Avalanche (AVAX & AVAXC) v1.15.0 Network Upgrade
Measurements
Original measurements.
- AVAX 1W/3M term slope changed -1.91 volatility points.
Evidence
Sources.
- AVAX 1W/3M curve reprices with a near-term volatility premiumDerivaSys
Evidence timestamp .
Source URL unavailable - Bybit to Support Avalanche (AVAX & AVAXC) v1.15.0 Network UpgradeBybit
Evidence timestamp .
Open original source